- Former U.S. President Donald Trump has been announced as a keynote speaker for the Bitcoin 2024 conference in Nashville, Tennessee.
- The House of Representatives has delayed their vote on overriding President Biden’s veto concerning the SEC’s SAB 121 rule.
- The dual events reveal the growing political divide surrounding cryptocurrency as the 2024 presidential election approaches.
Former President Donald Trump to Speak at Bitcoin 2024 Amidst Delayed Congressional Vote on SEC Rule
Donald Trump Announced as Keynote Speaker at Bitcoin 2024 Conference
In a significant development for the cryptocurrency community, former President Donald Trump will deliver a keynote address at the Bitcoin 2024 conference in Nashville, Tennessee. Scheduled from July 25th to 27th, this event is among the most prominent gatherings for Bitcoin enthusiasts globally. The announcement was made by the organizers, ‘The Bitcoin Conference’, via an X (formerly Twitter) post, catching considerable attention from both crypto advocates and political analysts.
House of Representatives Postpones Vote on Overriding SEC Veto
Coinciding with Trump’s scheduled appearance, the House of Representatives has postponed its vote to override President Biden’s veto of the SEC’s anti-crypto rule, known as SAB 121. Originally planned for July 10th, the vote will now occur on July 11th at approximately 10:30 AM. This delay came in response to an urgent, albeit undisclosed, letter from President Biden. Representative Patrick McHenry, a vocal opponent of the SEC rule, expressed his frustration by saying, “We should not be doing business this way.”
A Look at the Crypto Voter Divide
This sequence of events highlights the contrasting approaches of the two leading presidential candidates towards cryptocurrency. Donald Trump’s engagement with the Bitcoin community strengthens his pro-crypto credentials, while President Biden’s continued stringent stance paints a clear picture of the political schism. A notable comment by The Bitcoin Therapist on X captures this sentiment: “Donald Trump is going to win the election and #Bitcoin is going to 150K next year. Nothing stops this train.”
Memecoin Market Reactions and Political Betting Odds
The news has also influenced the crypto meme market. Trump-themed memecoin ‘Doland Tremp’ (TREMP) surged by 2.4% in the last 24 hours, whereas Biden-inspired memecoin ‘Jeo Boden’ (BODEN) saw a 16.7% decline. Data from the prediction market platform Polymarket further illustrates the impact, with Trump leading the “Presidential Election Winner 2024” market at 62%, while Biden’s odds dropped to 13%, behind Kamala Harris at 14%.
Conclusion
The unfolding dynamics surrounding Donald Trump’s participation in the Bitcoin 2024 conference and the postponed House vote on the SEC rule underscore a critical moment for cryptocurrency regulation and political influence. As the 2024 election nears, the divergent strategies of Trump and Biden are likely to fuel further debate and shape crypto market trends. Readers should stay informed as these developments continue to evolve.
